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The Tezos Foundation is thrilled to announce that the Tezos betanet is live.
Today, we proposed a genesis block that is now the seed of a beta network. Validation (“baking”) has commenced and transactions may now be processed. Community members can connect to the betanet immediately and start baking after the first seven cycles (28,672 blocks or approximately three weeks, depending on the block time). No block rewards will be issued during this time as baking rights are unassigned.
he Baking Application is tailored to support secure baking, enabling an account used by the baker to be stored on the Ledger Nano S.
The Baking App can perform the following functions:
Register as a delegate (baker)
Time of creation: July 1, 2018, 1:53 p.m.
Duration: 1 week